Compulsory third-party insurance? (yes/no)

[Dodger]

So, simple.
Do you feel this is a good idea or not?

[Usarka]

Might be seen as a good idea for older folk who dont want to be hit by an uninsured driver.

not so good for newbies though.

For a laugh I just got an online UK quote for an 18yr old to insure a £1000 1.3l VW Polo third party - £3,434.00 per annum.

[Drew]

Un decided. I have only ever been hit by another vehical once, she failed to give way at a stop sign. I got charged somehow, and paid for her car to be fixed. With justice like that, fuck 'em, I'll pay five bucks a week.

Having said that, I have hit another vehical that was doing nothing wrong, and had to pay that off, which is far from fair for them.

This all happened when I was fairly green, now it would just be another expense I feel I shouldn't have in my pursuit of riding pleasure.

Hmmm, I wonder if I could claim on my public liability insurance if I said I was on company business?

[Jiminy]

It's about time!

not so good for newbies though.

Depends how you see it, though. Yes, your first car will be more expensive to run, but if you smash it into another car, the insurance will come very handy to help your cash flow for the years to come. At least, it's a predictable cost.

[The Pastor]

insurance prises would tripple.

[Mr Triple]

Great idea should of been done years ago

[The Pastor]

the only thing that would happen is it would be a nother thing to get a ticket for. the drivers it aims at targetting would still not have insurance, so while making it more expensive FOR EVERYONE, it will achieve very little.

[quickbuck]

Yep, I hit the "Bad Idea" button!

Reason: If it compulsory, then the insurance companies will hike the price.

Same reason 20 year old 250's retail fir the same price they did 15 years ago.

What would be better is to educate the people that it is the best idea.

Another thing is that just because something is compulsory, and legislated, there will always be a percentage of people who just don't care and flout the law.
Just my 10c worth.

[YellowDog]

insurance prises would tripple.

I think you are wrong about prices going up.

There are many NZ Insurance providers plus AUS ones too. With this huge amount of new business they will all be after as bigger slice of the cake as they can get. The prices should fall considerably.

It's called open market competition!

[Usarka]

Insurance companies currently view young drivers who purchase insurance as typically a lower risk profile than the "average" young rider/driver.

making it compulsory will raise the risk profile for new rider/drivers because all the previously uninsured high risk people will be fed into the mix, therefore making it more expensive.

at least until you build up a personal insurnace history that provides better individual risk assesment for the insurers. In the meantime they have to assume new drivers are high risk and charge accordingly.

[McJim]

Twice I've been a victim of an uninsured driver. Twice I got some money back but was left out of pocket.

I'm looking foward to it but suspect the Insurance companies will increase everyone's premiums.

[Marknz]

good idea... it should be part of the rego payment.

[The Pastor]

I think you are wrong about prices going up.

There are many NZ Insurance providers plus AUS ones too. With this huge amount of new business they will all be after as bigger slice of the cake as they can get. The prices should fall considerably.

It's called open market competition!

How is compulsory insurance open market?

[YellowDog]

How is compulsory insurance open market?

Huh - The insurance market certainly isn't state owned.

Compulsary insurance = a larger and new potential maket for all players in that industry.

Insurance companies wanting a larger share of this easy cake will need to be as attractive as possible to punters = Lower prices.

Plus if everyone is insured, the significant overhead of chasing penniless vehicle owners for recompense will be reduced and many issues with law breaking uninsured accident causers will be addressed by the Police/courts.

Unless you don't already have insurance, it's a win win situation.

[riffer]

I think it's a good idea.

Like all things insurance-wise, the amount of money you pay will depend on your risk profile.

An 18 year old driving a 1300cc car will pay nowhere near as much as one driving an Evo 5.

And that's how it should be. And bring in compulsory confiscation of all cars driven uninsured as well.

If you can't afford the insurance you can't afford the vehicle. End of story.